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Sep 30, 2024
NVR Q3 2024 Earnings Report
NVR's financial performance remained strong, marked by increased revenue and earnings per share, despite a slight decrease in net income.
Key Takeaways
NVR, Inc. reported a 6% increase in consolidated revenues, reaching $2.73 billion for the third quarter ended September 30, 2024. Net income decreased slightly by 1% to $429.3 million, while diluted earnings per share increased by 4% to $130.50. Homebuilding new orders increased by 19%, and settlements increased by 5%.
Consolidated revenues increased by 6% to $2.73 billion compared to the third quarter of 2023.
Net income decreased slightly by 1% to $429.3 million compared to the third quarter of 2023.
Diluted earnings per share increased by 4% to $130.50 compared to the third quarter of 2023.
Homebuilding new orders increased by 19% to 5,650 units, and settlements increased by 5% to 5,908 units.
NVR
NVR
NVR Revenue by Segment
NVR Revenue by Geographic Location
Revenue by Segment
Mortgage Banking Revenue
CapyFin.comRevenue by Geographic Location
Mid Atlantic Revenue
CapyFin.comNorth East Revenue
CapyFin.comMid East Revenue
CapyFin.comSouth East Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in the provided document. The document contains forward-looking statements that involve risks and uncertainties.
Positive Outlook
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
Challenges Ahead
- General economic and business conditions (on both a national and regional level)
- Interest rate changes
- Access to suitable financing by NVR and NVR’s customers
- Increased regulation in the mortgage banking industry
- The ability of our mortgage banking subsidiary to sell loans it originates into the secondary market